BLOG on Income Tax Management for - AY 2022-23 & 2023-24

Deductions and Allowances under the head 'Salary' for the Assessment Year 2018-19 & 2019-20

Section	Nature of Deduction	Who can Claim
UNDER THE HEAD ‘SALARIES”
16(ia)	Standard deduction (maximum Rs. 40,000) (applicable from the assessment year 2019-20)	Salaried employees
16(ii)	Entertainment allowance [subject to maximum of Rs. 5,000]	Government employees
16(iii)	Tax on employment within the meaning of article 276(2) of the Constitution, leviable by or under any law	Salaried employees

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